Kevins annual salary is $150,000. He has an account at his local credit union and has $6,000 in his account. He contributes $10,000 to his 401k plan, and his employer matches $1 for $1 up to 3% of his salary. He has $5,000 in credit card debt that he would like to pay off within two years. What is his annual savings rate?

Group of answer choices

10.0%

8.7%

15.2%

22.4%

2) Which of the following do NOT apply to the use of questionnaires?

Group of answer choices

They reveal quantitative information

They touch upon subject areas that the advisor may not have considered

Shorter questionnaires are more effective than long questionnaires

They do not provide quick and easy information